IMUGENE CHART. TA only, page-11441

Are you on the train?

• Negative macro's are softening
• Company fundamentals are in place
• Ideal technical picture

Note: This information is part of a running long term analysis. The picture provided is looking months and months down range, not days and weeks even though that information is also included.

I'm not going into the macros, but suffice to say that the compounded negative effect is done. Suddenly all of the things that the markets were panicking about don't look so bad. In my opinion, those who saw this and took advantage are ahead of the curve. These folks are also known by Elliot as wave 1. The general market will latch on following a next decent retrace. These folks are wave 2. As this starts, there will be plenty of "hang on a minute - look at these fundamentals" combined with some fear (of missing the train) which will likely drive our price to test our 0.00% at 0.495 if not reach for the highs. That's without any new announcements. Any additional fundamentals on the assumption that they are positive will only add to this. I cannot overstate the strength of the fundamentals behind IMU. Anyone who says otherwise falls into one of the two Muppet categories a) those who have not done their research or b) those with an alternate agenda.

Technicals are very strong(remember long term).
Monthly
Bounced perfectly off the strongest single level available - yellow e21. Strongest because it's monthly, and because it's the e21. This is also the best fib zone, at or between the 50% & 61.8%. (A at consolidation lows 0.092 & B at highs of 0.495) This fib is the main fib in play. The recent highs and swings have alternate fibs and while they carry weight and will be followed, this one is the current king of the chart, for now.

A retrace (C) on any fib/chart to 50%-6.18% gives us the legitimate target of 161.8% which comes in at 0.745 for us. Taking 2 or 3 goes at a fib target is nothing out of the ordinary. This will be our second roll.
The old key levels all remain as they were. Each time the price validates them on the way up or down they only become stronger, like a cattle pad winding up a hillside. The old faithful zones around the following levels are the key ones to watch fall:

• 0.360
• 0.395
• 0.425

• 0.460
• 0.495
• 0.650

Weekly
Unfortunately we lost our bullish divergence, we printed a slightly lower price. Last week's candle however is all Bull. If we close this week above the 38.2% at 0.345 or higher then this will be very bullish imo.

Daily
This looks really good. Yes we've got some decent resistance to get through, like the combination of the e21 and 38.2% and also the s200(simple), however the MA method is primed for the strongest signal I have. The blue e100 being repulsed away from the red e200, and the green w5 crossing back. If this happens we should all be pretty happy. We've also got rolling bullish divergences which can help out the momentum.

From a chart perspective, Technically the only thing stronger is the company's fundamentals. There is a large disconnect between the price and the fundamental picture. This should catch up in style. World macros are starting to chill, however we all know how quickly things can change.